NDA (Non-Disclosure Agreement)

What is
NDA (Non-Disclosure Agreement)

Non-disclosure agreement (NDA) is an agreement to be concluded between two parties who want, for any puprose, to make accessible or share know-how, knowledge, information or data and want to restrict their use by other party outside the agreed purpose of the cooperation, and transfer of things to third parties.

Non-Disclosure Agreement, usually the abbreviation NDA is used. It is an agreement, which is concluded between at least two parties who want, for any purpose, to make accessible or share know-how, knowledge, information or data and want to restrict their use by other party outside the agreed purpose of the cooperation, and transfer of things to third parties.

It is also known as a Confidentiality Agreement (CA), Confidential Disclosure Agreement (CDA), Proprietary Information Agreement (PIA), or Secrecy Agreement.

How to use of the NDA in practice?

Organizations use the NDA for mutual initial disclosure or access of confidential information or data, typically in a situation of submission of bids, or a business meeting. Thus, typically, before signing the supply contract or other business contract. Using NDA are protected business secrets, know-how, knowledge and other confidential information that each party enters within the negotiation.